GPN Inks a Hypercom SmartPayments License

Hypercom has signed a worldwide licensing agreement with Global Payments. The deal includes a license for Hypercom’s “SmartPayments” software products as key technology components of its host electronic transaction processing platform. The “SmartPayments Solution” suite is an electronic payment processing solution for PC-based cash registers and consists of “SmartPayments Client” and “SmartPayments Server.” The “SPC” runs on PCs and serves as a conduit between PIN-Pads and multi-lane terminals and the “SPS.” The license will facilitate Global Payments’ ability to expand quickly in several key markets by providing an infrastructure and total solution that supports retail multi-lane, mobile commerce, IP terminals, an e-commerce virtual terminal solution for card not present, and card present transactions including debit.

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TNB Card Processing Adds Two More Clients

TNB Card Services has added Houston-based Energy Capital CU Generations CU of Olympia, Washington to its processing business. The 15,000 member Energy Capital CU serves employees and family members of Exxon Mobil Corporation with $116 in assets. Generation services. 4,000 members and holds assets of $24 million. TNB Card Services provides electronic payments processing and is an agent issuing solution for credit unions nationwide.

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AirDefense Details Retailer Wireless Risks

GA-based AirDefense has released results from its “2007 Retail Shopping Wireless Security Survey” reveals that of the more than 2,500 wireless devices such as laptops, hand-helds, and barcode scanners in use by retailers, 85% of the devices could have been compromised or risk stolen data. Consequences of the wireless security vulnerabilities are difficult to quantify. However, unauthorized individuals with a desire to steal consumer information or retailer data are likely to look for the weakest link in the network, such as misconfigured access points. Some of the networks that were discovered were fresh out of the box, using default configurations and SSID (Service Set Identification), such as retail wireless, POS WIFI, or store#1234. This sends out a signal to someone with a desire to commit fraud that nothing has been changed on these devices and the entire wireless network. Data leakage occurs when companies add wireless functionality onto an existing wired network. Point-of-sale information on products and possibly consumer credit card information can leak onto the wireless airwaves and be stolen. The most common data security lapses involved mis-configured access points that open backdoors to data. On several occasions, larger retailers had configured access points to work with WPA but had not switched off WEP, the weakest wireless security protocol. In addition, many retailers use their store name in the SSID, the name assigned by the equipment vendor to the wireless network during installation giving away a retailer’s identity. SSID’s can easily be reconfigured but often times are not.

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55 CUs Offer Members Group ATIRAgift VISA

The Members Group has announced MI-based CASE CU, NM-based First Financial CU, CA-based First Future CU, Kansas State University FCU, IA-based Lennox Employees CU and Members 1st Community CU and CO-based Public Service Employees CU will be offering VISA-branded “ATIRAgift cards” to their memberships this holiday season. TMG launched the ATIRAgift card product in 2005 to meet the growing demand of the prepaid market for credit unions. It is a part of the larger “ATIRA” prepaid product that includes reloadable solutions such as the “ATIRApay” card. Currently, 55 credit unions representing 362 branches offer ATIRAgift cards.

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ATMS & LOYALTY

About seven out of ten consumers in France would consider moving their bank account if their bank’s ATMs were repeatedly faulty or “Sur Commande.” By contrast, the research showed that only 38% of British consumers would switch banks over “Out of Order” or “Out of Cash” ATMs.
The study by ICM Research in the UK and ForumEtudes in France for Level Four Software also reveals that in France, some banks impose additional fees for withdrawing funds from their competitors’ ATMs which customers would be forced to use if their own bank’s ATM was not functioning. This contrasts with the UK where banks do not pass these fees onto the customer. As the range of transactions available in France is ever increasing beyond simple cash dispensing and as more and more consumers are adopting enhanced self-service functionality, additional transactions such as bill pay are not normally available from
different bank’s ATMs, causing a more acute disruption to customer service if the ATM is out of service. The statistics revealing potential customer disloyalty are particularly surprising in France given the administrative effort required to change banks, although it clearly highlights how customers are placing more and more emphasis on both cash delivery and the additional range of services that banks offer at the ATM.

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Prepaid Card Specialist Offers Factoring

Another card firm has jumped on the factoring bandwagon. TN-based Innovative Processing Solutions, a provider of prepaid card solutions under the “Transcard” brand, has launched FactorLane.com as an online factoring solution for small to mid-sized businesses. The new subsidiary will be based in Dallas. The Company says research shows that small and mid-sized companies take an average of 34.8 days to pay their invoices, while large companies are averaging as high as 67 days. IPS processes over $960 million in electronic transactions annually and expects to reach $1.2 billion in 2007. Crown Financial Services introduced “Working Capital to Grow Your Business” in August, which enables merchants to tap into cash advances based on credit card receivables. (CF Library 8/2/07)

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PAYZONE & MASTERCARD

Payzone and Mastercard have jointly announced the introduction of a prepaid
debit card pilot with nearly 600 retailers in the London area. The new
pilot is
targeting the 3 million consumers in the United Kingdom unable or
unwilling
to obtain a traditional credit or debit card but desire the same
capabilities.
Among those capabilities, convenience, transfer services, Internet
transaction
ability and discounts are included. The “Payzone prepaid debit card” is
accepted
anywhere debit cards are, requires no credit checks, discloses no personal
information eliminating the risk of identity theft, allows cardholders
to share
money with family abroad and is ideal for use as an employee expense card.
Because the card is prepaid, it eliminates the possibility of debt risk,
requires no
monthly fee and provides online and in-store transactions free of charge.

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Wisconsin DWD Introduces a Debit Card

The Wisconsin Department of Workforce Development reported that the implementation of the new “Support Collections Debit Card” is rolling out statewide this week. The program had been slated to go statewide in January, but was placed on the fast track due to its popularity after pilot projects in Jefferson, St. Croix, and Milwaukee Counties this fall. Child support debit cards have the VISA logo and can be used like debit cards issued by banks. Debit cards can be used at all merchants and other service providers that honor VISA. Debit cards can also be used at ATM machines, though some fees might apply to that service. To date, more than 70% of the cards issued to parents have been successfully activated.

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REDKNEE MOBILE MONEY

Redknee Solutions has introduced its “Mobile Money Services” for use
on various networks in different countries. This new solution provides
mobile account top-ups, transfers and other mobile money services as a
banking alternative to the less than 1 billion out of 6.5 billion people worldwide without bank
accounts, especially in Africa, the Middle East and Southeast Asia. In
these
regions, 85% of the next billion mobile phone accounts will be opened,
providing for a substantial market for the Redknee “Mobile Money Services”.
The new solution provides taxation, currency conversion, settlement and
operators with configurable services. Redknee solutions are available to
over 290 million wireless subscribers in over 20 countries.

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Gift Card Process Patent Lawsuits Filed

Chicago-based Card Activation Technologies has filed its seventh major lawsuit over alleged infringement of its patents covering the activation and processing of its gift cards. The firm says it has dispatched more than 400 letters to other retailers advising them that they are violating the Company’s patent. Card Activation Technologies says their broad gift card process patents have been valued at $3.7 billion. The latest victim is TJX Companies which was sued in the U.S. Federal Court in Chicago this month. Card Activation has pending lawsuits against Sears, Walgreen, Barnes & Noble, Aeropostale, and OfficeMax. Card Activation claims its patents cover technology currently used in processing debit cards, gift cards and phone cards. The company began trading on the OTC Bulletin Board in mid-October. AZ-based MedCom USA formed Card Activation as a subsidiary one-year ago. The “MedCom Renewable” card system patent was created by MedCom USA as part of its card building technology endeavors in the 1990’s. The patent covers the technology and process for taking a card with a magnetic strip or other data capture mechanism and activating the card by downloading a determined monetary value onto the card for use at a later date for different types of transactions. New View Technologies, which was acquired by MedCom USA in December 1996, developed the patent and all patents were assigned by New View Technologies to MedCom. (CF Library 9/15/06; 10/15/07)

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DREAM CARD PROMOTION

For its “Dream Card” cardholders, Doha Bank has signed promotional
agreements with SriLankan Airlines to provide online booking through
the Airlines’ reservation database. Providing this information to
cardholders will allow them to search dates, times, flights, check seat
availability, reserve a seat, print an e-ticket and indicate meal
preferences.
In addition, the customer is provided a 7% discount on the airfare
automatically and for every ticket purchased is entered for a chance to
win the fare free of charge. This development simplifies ticket purchasing
for flights to the 11 destinations to which SriLankan Airlines flies
including
India, the Maldives, Singapore, Malaysia, Thailand, Japan, Hong Kong
and China.

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$5MM Private Jet Gift Card Takes-Off

FL- based core processor Fidelity National Information Services has promoted Gary Norcross as President/COO for Transaction Processing Services and Frank Sanchez as President of TPS’ Strategic Development. Norcross assumes responsibility for global banking operations, including Integrated Financial Solutions, Enterprise Banking Solutions and International. Norcross joined the company in 1988 and has served as President of the Integrated Financial Solutions division since 1996. Sanchez will be responsible for the development of strategic software, processing and integrated financial services. Sanchez joined FIS in 2003 through the company’s acquisition of Sanchez Computer Associates.

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